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Cicada

(4,533 posts)

54. These costs are one tenth of one percent of revenues

Reply to Playinghardball (Original post)

Sat Oct 5, 2013, 09:54 AM

Oct 2013

Their wages are a rip off but they have virtually nothing to do with health costs. The head of HCA makes one tenth of one percent of his firm's revenues. We need to control costs - and 99.9% of those costs lie elsewhere.

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The #1 reason Americans cannot afford health care: [View all] Playinghardball Oct 2013 OP

They don't provide a service that medicare can't do better Hydra Oct 2013 #1

Profit is God in this country - TBF Oct 2013 #2

Yeah, and yet non-profit corporations exist and do quite well. tclambert Oct 2013 #6

The non-profits exist because they are useful for capitalists - TBF Oct 2013 #16

Love this explanation of business purpose. AllyCat Oct 2013 #20

If profit were the only reason for businesses, every business would be a hedge fund Recursion Oct 2013 #61

My wife works at a credit union DissidentVoice Oct 2013 #84

I plant the seed of "no money society" in those I meet every chance I can. southerncrone Oct 2013 #29

Many People would rather have a bad known Hydra Oct 2013 #33

The only no money places I've seen were incredibly poor west African villages Recursion Oct 2013 #37

Well how many are living all that great now? TBF Oct 2013 #45

Compared to rural west Africa? About 90% of the world Recursion Oct 2013 #47

That's your standard? TBF Oct 2013 #48

No, it's not my standard. It's *their* standard Recursion Oct 2013 #51

$158 Million/yr from just those 5 people alone Roland99 Oct 2013 #3

That's 50 cents per American, or $4 per uninsured American Recursion Oct 2013 #36

Or the full annual, non-subsidized premiums for about 16,000 - 17,000 uninsured families. Roland99 Oct 2013 #41

Leaving millions still uninsured joeglow3 Oct 2013 #44

Right...you're missing my point! Roland99 Oct 2013 #52

I'm fine with that. LWolf Oct 2013 #63

Thank you Jim Warren Oct 2013 #4

Former WellPoint CEO Angela Braly: $20.6 million Auggie Oct 2013 #5

According to SSA Cryptoad Oct 2013 #7

For. Profit. Healthcare. Blue Idaho Oct 2013 #8

Health Care Professionals deserve to make good money, even profits. bvar22 Oct 2013 #11

Agree with what you wrote Jim Warren Oct 2013 #14

Agree. Cut out the middle man - TBF Oct 2013 #18

+1. SammyWinstonJack Oct 2013 #23

+10000 southerncrone Oct 2013 #31

Ummm... health insurance creates quite a bit of value Recursion Oct 2013 #38

Of course, LWolf Oct 2013 #56

I'm pretty sure I've only ever had non-profit insurance Recursion Oct 2013 #58

Blue Cross Blue Shield is "non-profit" alarimer Oct 2013 #64

It's pretty much always been through a university or trade association for me Recursion Oct 2013 #65

k&r idwiyo Oct 2013 #57

standing ovation for that post! questionseverything Oct 2013 #75

Top 10 Highest Earners at California Non-Profit Health Systems Playinghardball Oct 2013 #9

Its the same story at the major non-profit charities. airplaneman Oct 2013 #15

Exactly - TBF Oct 2013 #19

Yup. Non-profit in name only is the way of much AllyCat Oct 2013 #22

I think most of the big charities are scams. alarimer Oct 2013 #66

Basicly non-profits don't have shareholders and are not listed on the stock exchange. All the libdem4life Oct 2013 #68

I would LOVE to own a business where the Government Guaranteed me a 20% profit, bvar22 Oct 2013 #78

I don't for sure whether it's guaranteed but the devil will be in the details, to be sure. libdem4life Oct 2013 #82

USA! USA! USA! progressoid Oct 2013 #10

America! Fuck yeah! SammyWinstonJack Oct 2013 #24

They get rich while the world burns. Fuck them! Initech Oct 2013 #12

Being paid a living wage They_Live Oct 2013 #13

K & R The Midway Rebel Oct 2013 #17

If only it were just CEOs.. sendero Oct 2013 #21

I'm a nurse for a non-profit. We got no raise. Again. AllyCat Oct 2013 #25

Yes. sendero Oct 2013 #26

Are you organized ? Dyedinthewoolliberal Oct 2013 #55

Yes, but Walker has weakened us considerably. AllyCat Oct 2013 #87

#1 is HCA. Our healthcare skyrocketed when we went from southerncrone Oct 2013 #27

Kicked and recommended. Uncle Joe Oct 2013 #28

chump change compared to the shareholder profits TorchTheWitch Oct 2013 #30

There is your friggin death panel. JEB Oct 2013 #32

That is but a symptom, an EXEMPLARY symptom, yet nevertheless ONLY a symptom kenny blankenship Oct 2013 #34

No, that's chump change Recursion Oct 2013 #35

Why such strong defense of CEO salaries from you? TBF Oct 2013 #46

Because it's a distraction Recursion Oct 2013 #49

Wrong. Capitalism IS the underlying problem. TBF Oct 2013 #50

Management salaries are not capitalism. Soviet managers made a ton too Recursion Oct 2013 #59

I know you are - TBF Oct 2013 #60

But IS "capitalism" salvageable? DissidentVoice Oct 2013 #70

K&R Enthusiast Oct 2013 #39

somethings are just too important questionseverything Oct 2013 #76

This is true. Enthusiast Oct 2013 #79

medicare runs at 3.5% admin costs questionseverything Oct 2013 #80

I know it. Enthusiast Oct 2013 #81

Recced. Medicare4All NOW! Single payer will set the American economy free. nt livingwagenow Oct 2013 #40

Healthcare for profit is immoral The Wizard Oct 2013 #42

non sequitor or oxymoronic? reddread Oct 2013 #43

In 1975 when patients went to visit my father, who specialized in internal medicine no_hypocrisy Oct 2013 #53

These costs are one tenth of one percent of revenues Cicada Oct 2013 #54

Yeah that about covers it. lonestarnot Oct 2013 #62

Meanwhile, with single payer in Canada JBoy Oct 2013 #67

Wages Are Too Low, Sir: That Is The Real Reason The Magistrate Oct 2013 #69

maybe also this Rainforestgoddess Oct 2013 #71

Pornography!!! JimboBillyBubbaBob Oct 2013 #72

amen! Divine Discontent Oct 2013 #73

Not Even A Dirty Little Secret colsohlibgal Oct 2013 #74

There is lots of money placed on lobbying which is passed on to the insured and not counting Thinkingabout Oct 2013 #77

And this doesn't include their benefits... hue Oct 2013 #83

Cuz y'all ain't in Canada? . . . . ConcernedCanuk Oct 2013 #85

you have a good model but of course the insane RW in our country screams SOCIALISM steve2470 Oct 2013 #86